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Factor shares: the principal problem of political economy?

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  • A. B. Atkinson

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This paper identifies three reasons for studying factor shares: to make a link between incomes at the macroeconomic level (national accounts) and incomes at the level of the household; to help understand inequality in the personal distribution of income; and to address the concern of social justice with the fairness of different sources of income. In each case, I explore the implications and point to ways in which the analysis could be taken forward in a twenty-first-century treatment of the classical problem of political economy. Copyright 2009, Oxford University Press.

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  • A. B. Atkinson, 2009. "Factor shares: the principal problem of political economy?," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 25(1), pages 3-16, Spring.
    • Handle: RePEc:oup:oxford:v:25:y:2009:i:1:p:3-16
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    File URL: http://hdl.handle.net/10.1093/oxrep/grp007
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